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Question
You are buying a bond at a quoted price of $892. The bond has a 7.5 percent coupon and pays interest semiannually on February 1 and August 1. What is the dirty price of this bond if today is April 1? Assume a 360-day year.A. $896.17
B. $904.50
C. $913.67
D. $938.50
E. $942.00
Answer
This answer is hidden. It contains 45 characters.
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